Trump's trade bar is not only aimed at tens of billions of dollars worth of goods, he is aiming at China's strong country strategy "Made in China 2025" local time 22 Japan Thursday, when the Senate testified, US Trade Representative Wright Hitzler Out of the top ten high-tech industries that may be covered by tariffs on China, they are said to be China’s major industries in China Manufacturing 2025. China says it wants to use technology and invest hundreds of billions of dollars to achieve international leadership. If China is willing to pay, it will be unfavorable to the United States. In contrast to the Chinese content of "Made in China 2025", Wall Street has summarized the above target industries of Lettisher as follows: New generation information technology, high-end CNC machine tools and industrial robots with automatic execution functions, aerospace equipment, offshore engineering equipment, high-tech ships, New energy equipment, high-speed rail equipment, agricultural machinery and equipment, new materials, biomedicine and high-performance medical equipment. Wright Heze said that China said that each of the above industries should be independently developed and applied within two or three years, and by 2025 it will basically reach the international leading position. It basically sounds like it is depicting the situation in the United States in the next decade. This is not what the US spy spy has learned, it is China’s own. The above statement by Wright Heze is not an accident. Wall Street News This week's article quoted media sources as saying that in the dialogue with the US Congress, the US Trade Representative Office (USTR) stressed that the US government's actions will "minimize the impact on consumers and affect China to the greatest extent." The goal of the White House is to undermine the "Made in China 2025" program. (For more analysis, see "301 "Nuclear Weapons" is coming! After the hearing on Thursday, the Sino-US trade war will start in a new round.") Over the weekend, Wall Street’s observations mentioned that Martin Feldstein, a professor of economics at Harvard University, believes that the US trade The focus of the war is not on the steel and aluminum products that are protected by tariffs this month. The United States feels that the biggest threat is that China “steals†American technology. The ultimate goal of the trade war is China. Prior to this, Trump signed a memorandum on the 22nd to instruct the USTR to announce the list of products proposed to be subject to tariffs within 15 days. USTR said that the list will be announced in the next few days, and 30 days after the announcement, public comment will be published. The bulletin of the list will also announce the date of the public hearing. US Secretary of Commerce Ross said on the 22nd that intellectual property is the future of the United States, and tariffs are the starting point for a long-term process. In an interview with CNBC, Ross said that he expects Trump's new round of taxation against China will not trigger a Sino-US trade war. "(China) will have some extreme retaliation, but I think it will not be the end of the world. Trump signed the 301 investigation action memorandum to appeal to the WTO, taxation, and restricted investment on the 22nd. Trump signed a memorandum of action on the results of the 301 investigation, indicating unfair acquisition of US technical actions and policies that caused US damage to China. A series of actions, including: USTR prosecutes China's discriminatory technology licensing through the WTO dispute mechanism; USTR imposes a 25% tariff on specific products imported into China, including products in the fields of aviation, information and communication technology and machinery. The relevant US government departments will work with the Ministry of Finance to impose investment restrictions on Chinese investment in sensitive technology. The USTR will publish a list of targeted products within 15 days, followed by a 30-day publicity period. After the announcement of tariff measures, Trump said that plans for tariff action against China due to intellectual property issues have been brewing for a long time. These are just the first steps in many trade moves. He has previously asked China to immediately reduce the US trade deficit with China by $100 billion. Some US government officials said the plan would impose tariffs on imports of Chinese goods worth $50 billion a year, but Bloomberg reported that Trump later said that the total value of goods facing tariffs could be as high as $60 billion. The Wall Street Journal said it was unclear why Trump mentioned the higher amount. Regarding investment restrictions, some officials said that the US Treasury Department will have 60 days to come up with specific plans. Earlier on Wall Street, the 301 survey results were "nuclear weapons" of US trade with China. USTR may consider levying retaliatory tariffs on Chinese imports in accordance with Section 301. The tax rate is usually set at 100%. However, once retaliatory tariffs are imposed, the corresponding merchandise imports will fall sharply, so the actual tax revenues actually received in the United States are few. Goldman Sachs' recent analysis believes that the only glimmer of hope brought about by the China-US comprehensive trade war is that trade policy risks are close to short-term peaks. However, it should be noted that if the US economy slows down, trade tensions may escalate during President Trump's tenure. If other countries retaliate against US trade protectionism, the Trump administration may take action to retaliate. But even if this happens, the “height†of $60 billion is hard to come by.
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